explore business opportunities in serbia, macedonia and … · 2018-03-27 · serbia • gdp growth...
TRANSCRIPT
Explore the BalkansBusinessOpportunities in Serbia, Macedonia and MontenegroPertti Ikonen, Ambassador
Igor Madzarevic, Economic Advisor
Embassy of Finland in Belgrade
Serbia• GDP growth in 2017: 2.0% (World Bank; Global Economic Prospects; January 2018)
- Expected to be 3.0% in 2018 and 3.5% in 2019 (from 2.8% in 2016).
• Fitch's credit rating: BB with stable outlook
• World Bank Doing Business Ranking: 43 in 2018 (47 in 2017; 54 in 2016)
• Trade between Finland and Serbia in 2017 (Finnish Customs): 54.5 million EUR- Exports (from FI): 27.9 million EUR (paper; plastics; electrical machinery); 6% increase compared to 2016.- Imports (to FI): 26.6 million EUR (electric machinery; mechanical machinery; footwear); 25% increase
compared to 2016.
Helsinki, 27.3.2018. 2
World Bank Doing Business Ranking (2018)
11. Macedonia
13. Finland
42. Montenegro
43. Serbia
45. Romania
50. Bulgaria
80. Kenya
147. Tanzania
Macedonia
• GDP growth in 2017: 1.5% (World Bank; Global Economic Prospects; January 2018)- Expected to be 3.2% in 2018 and 3.9% in 2019 (from 2.4% in 2016).
• Fitch's credit rating: BB+ with positive outlook
• World Bank Doing Business Ranking: 11 in 2018 (10 in 2017; 16 in 2016)
• Trade between Finland and Macedonia in 2017 (Finnish Customs): 8.6 million EUR- Exports (from FI): 4.7 million EUR (mechanical machinery; plastics; electrical machinery); the same level as
in 2016.- Imports (to FI): 3.9 million EUR (clothing; electrical machinery; footwear); 18% decrease compared to 2016.
Helsinki, 27.3.2018. 3
World Bank Doing Business Ranking (2018)
11. Macedonia
13. Finland
42. Montenegro
43. Serbia
45. Romania
50. Bulgaria
80. Kenya
147. Tanzania
Montenegro• GDP growth in 2017: 4.2% (World Bank; Global Economic Prospects; January 2018)
- Expected to be 2.8% in 2018 and 2.5% in 2019 (from 2.9% in 2016).
• S&P credit rating: B+ with stable outlook (Fitch’s credit rating not available)
• World Bank Doing Business Ranking: 42 in 2018 (51 in 2017; 48 in 2016)
• Trade between Finland and Montenegro in 2017 (Finnish Customs): 3.1 million EUR- Exports (from FI): 2.7 million EUR (mechanical machinery; electrical machinery; medical equipment); 58%
decrease compared to 2016.- Imports (to FI): 0.4 million EUR (iron and steel; rubber; medical equipment); 129% increase compared to
2016.
Helsinki, 27.3.2018. 4
World Bank Doing Business Ranking (2018)
11. Macedonia
13. Finland
42. Montenegro
43. Serbia
45. Romania
50. Bulgaria
80. Kenya
147. Tanzania
Team Finland Activities• Team Finland companies:
- 10 Finnish companies (ABB, Elomatic, Infrakit office, KKM Power, KONE, Lindstrom, Metso office, NOKIA Solutions and Networks, PKC Wiring Systems, Taaleri Energia) - Around 50 distributors of different equipment and solutions (Fiskars, KPA Unicon, Molok, Nokian Tyres, Planmeca, Vaisala, Valtra, etc.)
• Contact establishment and basic advisory services- Country Outlooks on the market opportunities platform: www.marketopportunities.fi
• Team Finland visits to the cities in Serbia (May, September, November) and Nordic Delegation visits in cooperation with the Nordic Business Alliance in Serbia; Seminars: Procurement (29th
May), Digitalization (9th October), “Doing Business with Finland in Macedonia” (25th October).
• Company promotion events; Updating of Team Finland brochure.Helsinki, 27.3.2018. 5
Business Opportunities
6
Serbia• Environment: Estimated 15 billion EUR investment needed
- Waste management (5.6 billion); Wastewater treatment (4.9 billion); Industrial pollution and noise reduction.
• Energy: District Heating and power plants modernization- 57 District Heating plants (240 million EUR investment need until 2020).- Power plants (focus on renewables, especially wood biomass; 70% of electricity production comes from coal).
• IT industry: High quality outsourcing opportunities- Export of IT services in 2017: 900 million EUR.- Yearly growth rate: 21.5% in 2017 (more than 20% each year).
• Other industries: Infrastructure, medical sector, automotive industry, food processing, metal processing (machinery), textile industry, tourism (medical tourism included)
Helsinki, 27.3.2018. 7
Macedonia• Environment: Wastewater treatment plants, waste management, air quality
- Modernization of power plants needed (66% of electricity production comes from coal).- Air quality (2nd most polluted country in Europe; Skopje, Bitola, Tetovo- the most polluted cities in Europe).- Twinning project "Strengthening the capacities for effective implementation of the acquis in the field of nature
protection“ by Metsähallitus and SYKE.
• Agribusiness and food processing: Fruits and vegetables, beverages (wine)- 49% of agricultural land; One of the fastest growing industries; EU investment support.
• Manufacturing (outsourcing potential): Textile industry, automotive industry- Textile industry (Over 450 million EUR exports annually; 12.4% of total country exports in 2016).- Automotive industry (Components for automotive industry).
• Other industries: Metal processing, Energy, ICT
Helsinki, 27.3.2018. 8
Montenegro• Tourism: Construction of exclusive hotels and infrastructure.
- In 2016 generated 12,000 jobs (6.5% of total employment); contribution of 11% of GDP; 883 million EUR in visitor exports; 88.8% leisure spending; 1.9 million arrivals.
• Environment: Estimated 1.42 billion EUR investment needed- Wastewater treatment (28% of waste water treated in urban areas); Waste management (354.8 million); Air
quality (5th most polluted country in Europe; Pljevlja among the most air polluted cities in Europe).
• Energy: Power plants modernization and construction of small HPP- Reconstruction of Pljevlja power plant (40 million EUR)- Italy’s A2A stepping out from Elektorprivreda Crne Gore
• Other industries: Infrastructure, metal processing, medical sector, nautical, food processing (wine)
Helsinki, 27.3.2018. 9
Thank You
10